Question: Using lab 7 with a two-day lead time (all original values), if we increased the min and max by 5% each (from original values), the
Using lab 7 with a two-day lead time (all original values), if we increased the min and max by 5% each (from original values), the total cost would be blank .
$341,332 or $330,944 or $527,679 or $239,868
However, if we increased the min and max by 10% each (from original values), the total cost would be blank .
$253,671 or $516,480 or $475,194 or $245,801
Lastly, if we increased the min and max by 15% each (from original values), the total cost would be blank .
$254,508 or $423,019 or $527,679 or $239,868
Therefore, increasing the min and max by blank would be the best scenario to minimize the overall cost, while increasing the min and max by blank would be the worst scenario.
15% or 5% or 10%
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